Believe in your strategy more than your indicators! Clear real-life demonstration of how to scale in on a winning trade!
#Benefits:
Risk-free trade cause once if we got profit on a trade we can let our existing profit to bear upcoming risk/loss in further new added trades.
Profit maximization by adding multiple trades in bits and pieces after each successful old trades.
Psychological relief.
Protecting profit just in case price suddenly reverse.
Nota
Total Target Profit: $1,200 Total Target Pips: 160 First trade: ( 80 pips * 2 = 160 pips * $5 (0.50 lot per pip movement value) = $800) Second trade: (80 pips * $5(0.50 lot per pip movement value) = $400) Total: $800 + $400 = $1,200 :D
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